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Citizens & Northern (CZNC) Financials

Citizens & Northern logo
$23.47 -0.16 (-0.68%)
Closing price 07/6/2026 04:00 PM Eastern
Extended Trading
$23.32 -0.15 (-0.64%)
As of 04:09 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Citizens & Northern

Annual Income Statements for Citizens & Northern

This table shows Citizens & Northern's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 16 16 13 22 20 19 31 27 24 26 23
Consolidated Net Income / (Loss)		 16 16 13 22 20 19 31 27 24 26 23
Net Income / (Loss) Continuing Operations		 16 16 13 22 20 19 31 27 24 26 23
Total Pre-Tax Income 		22 21 21 26 23 23 38 32 30 32 29
Total Revenue		 58 57 58 66 74 92 104 108 105 108 123
Net Interest Income / (Expense)		 40 40 42 46 54 68 78 83 80 79 92
Total Interest Income		 45 44 46 50 65 77 85 93 114 128 139
Loans and Leases Interest Income		 33 35 37 2.26 0.02 69 76 81 101 113 123
Investment Securities Interest Income		 11 9.35 8.70 48 64 8.01 8.18 12 12 15 16
Total Interest Expense		 4.60 3.69 3.92 4.63 10 9.60 6.56 9.52 33 49 47
Deposits Interest Expense		 1.92 2.09 2.40 3.70 8.19 7.23 4.54 6.64 24 39 39
Short-Term Borrowings Interest Expense		 0.03 0.16 0.21 0.37 0.73 0.37 0.02 0.43 3.24 1.17 0.01
Long-Term Debt Interest Expense		 2.65 1.45 1.30 0.56 1.36 2.00 2.00 2.45 5.63 8.60 7.88
Total Non-Interest Income		 18 17 16 21 19 25 26 24 24 29 31
Trust Fees by Commissions		 0.84 0.76 0.80 1.02 1.27 7.81 9.09 9.29 9.09 10 11
Other Service Charges		 14 13 1.39 2.26 2.04 3.36 13 14 15 16 17
Net Realized & Unrealized Capital Gains on Investments		 3.60 2.19 1.08 2.72 0.95 5.57 3.45 0.78 -2.31 1.16 1.52
Other Non-Interest Income		 0.39 0.38 13 15 15 7.78 0.57 0.55 2.70 1.83 1.93
Provision for Credit Losses		 0.85 1.22 0.80 0.58 0.85 3.91 3.66 7.26 0.19 2.20 6.07
Total Non-Interest Expense		 36 35 37 39 50 65 62 68 74 74 88
Salaries and Employee Benefits		 19 20 21 22 26 33 38 42 44 45 47
Net Occupancy & Equipment Expense		 4.43 4.07 6.05 6.44 7.32 9.78 11 12 13 13 15
Other Operating Expenses		 8.89 10 9.77 10 12 14 14 14 17 16 18
Restructuring Charge		 - - - 0.33 4.10 7.71 - - 0.00 0.00 7.94
Income Tax Expense		 5.34 5.35 7.16 4.25 3.91 3.99 7.13 5.73 6.34 5.91 5.22
Basic Earnings per Share		 $1.35 $1.30 $1.10 $1.79 $1.46 $1.30 $1.92 $1.71 $1.57 $1.69 $1.46
Weighted Average Basic Shares Outstanding		 12.21M 12.14M 12.25M 12.39M 13.76M 16.00M 15.83M 15.56M 15.38M 15.47M 17.91M
Weighted Average Diluted Shares Outstanding		 12.21M 12.14M 12.25M 12.39M 13.76M 16.00M 15.83M 15.56M 15.38M 15.47M 17.91M
Weighted Average Basic & Diluted Shares Outstanding		 12.21M 12.14M 12.25M 12.39M 13.76M 16.00M 15.83M 15.56M 15.38M 15.47M 17.91M

Quarterly Income Statements for Citizens & Northern

This table shows Citizens & Northern's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 7.59 4.26 5.31 6.11 6.37 8.17 6.29 6.12 6.55 4.47 0.27
Consolidated Net Income / (Loss)		 7.59 4.26 5.31 6.11 6.37 8.17 6.29 6.12 6.55 4.47 0.27
Net Income / (Loss) Continuing Operations		 7.59 4.26 5.31 6.11 6.37 8.17 6.29 6.12 6.55 4.47 0.27
Total Pre-Tax Income 		9.44 5.92 6.46 7.48 7.81 10 7.70 7.53 8.02 5.39 0.34
Total Revenue		 26 25 26 27 27 28 27 29 30 37 37
Net Interest Income / (Expense)		 20 20 19 19 20 20 20 21 22 28 28
Total Interest Income		 29 30 30 31 33 33 32 32 34 41 41
Loans and Leases Interest Income		 26 27 27 28 29 29 28 29 30 37 36
Investment Securities Interest Income		 3.04 3.17 3.09 3.24 4.38 4.58 3.61 3.80 3.98 4.81 4.33
Total Interest Expense		 9.46 11 11 12 13 13 12 11 11 13 12
Deposits Interest Expense		 7.26 8.64 8.89 9.31 10 11 9.59 9.28 9.46 11 10
Short-Term Borrowings Interest Expense		 0.68 0.32 0.60 0.36 0.18 0.03 0.00 0.00 0.00 0.01 0.28
Long-Term Debt Interest Expense		 1.51 1.68 1.81 2.21 2.34 2.25 2.14 2.03 1.93 1.78 1.80
Total Non-Interest Income		 6.49 5.68 6.68 7.85 7.13 7.55 7.01 8.14 7.30 8.40 8.20
Trust Fees by Commissions		 2.31 2.40 2.44 2.54 2.47 2.75 2.60 2.52 2.55 2.86 2.67
Other Service Charges		 1.08 -3.84 1.02 4.63 3.85 -4.14 1.13 4.84 3.87 4.42 4.61
Net Realized & Unrealized Capital Gains on Investments		 0.24 -2.77 0.19 0.24 0.36 0.37 0.21 0.31 0.41 0.60 0.40
Other Non-Interest Income		 2.86 9.89 3.03 0.44 0.46 8.56 3.07 0.47 0.48 0.53 0.52
Provision for Credit Losses		 -1.23 0.95 0.95 0.57 1.21 -0.53 0.24 2.35 2.16 1.32 14
Total Non-Interest Expense		 18 18 18 19 18 18 19 19 19 30 23
Salaries and Employee Benefits		 11 11 12 11 11 11 12 11 11 13 13
Net Occupancy & Equipment Expense		 3.09 3.29 3.44 3.34 3.26 3.20 3.53 3.38 3.28 4.41 4.34
Other Operating Expenses		 3.97 4.00 3.30 4.90 4.14 3.76 3.75 4.78 3.94 5.59 5.17
Income Tax Expense		 1.85 1.66 1.15 1.37 1.45 1.95 1.41 1.42 1.46 0.93 0.06
Basic Earnings per Share		 $0.50 $0.28 $0.35 $0.40 $0.41 $0.53 $0.41 $0.40 $0.42 $0.23 $0.02
Weighted Average Basic Shares Outstanding		 15.27M 15.38M 15.38M 15.39M 15.41M 15.47M 15.49M 15.51M 17.80M 17.91M 17.92M
Diluted Earnings per Share		 $0.50 $0.28 $0.35 $0.40 $0.41 $0.53 $0.41 $0.40 $0.42 - $0.02
Weighted Average Diluted Shares Outstanding		 15.27M 15.38M 15.38M 15.39M 15.41M 15.47M 15.49M 15.51M 17.80M 17.91M 17.92M
Weighted Average Basic & Diluted Shares Outstanding		 15.27M 15.38M 15.38M 15.39M 15.41M 15.47M 15.49M 15.51M 17.80M 17.91M 17.92M
Cash Dividends to Common per Share		 $0.28 - $0.28 $0.28 $0.28 - $0.28 $0.28 $0.28 - $0.28

Annual Cash Flow Statements for Citizens & Northern

This table details how cash moves in and out of Citizens & Northern's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 1.69 -4.69 8.38 -4.18 -1.71 65 -0.17 -48 5.08 71 -79
Net Cash From Operating Activities		 20 19 19 26 22 25 35 35 34 33 32
Net Cash From Continuing Operating Activities		 20 19 19 26 22 25 35 35 34 33 32
Net Income / (Loss) Continuing Operations		 16 16 13 22 20 19 31 27 24 26 23
Consolidated Net Income / (Loss)		 16 16 13 22 20 19 31 27 24 26 23
Provision For Loan Losses		 0.85 1.22 0.80 0.58 0.85 3.91 3.66 7.26 0.19 2.20 6.07
Depreciation Expense		 1.89 1.59 1.64 1.75 1.75 1.98 2.13 2.39 2.15 2.18 2.36
Amortization Expense		 1.56 1.46 1.16 1.04 0.97 1.57 2.20 1.58 2.06 1.39 1.29
Non-Cash Adjustments to Reconcile Net Income		 0.16 0.13 2.44 -1.04 0.27 -1.73 -4.10 0.88 2.24 -3.67 2.91
Changes in Operating Assets and Liabilities, net		 -1.24 -1.66 -0.10 1.54 -0.88 -0.17 0.40 -4.12 2.76 4.98 -4.06
Net Cash From Investing Activities		 18 -29 -31 -22 23 97 -104 -235 -53 -21 0.20
Net Cash From Continuing Investing Activities		 18 -29 -31 -22 23 97 -104 -235 -53 -21 0.20
Purchase of Property, Leasehold Improvements and Equipment		 -1.04 -1.58 -1.70 -1.17 -2.87 -3.14 -1.86 -3.29 -2.27 -1.91 -1.91
Purchase of Investment Securities		 -126 -148 -126 -114 -165 -111 -172 -308 -191 -75 -201
Sale and/or Maturity of Investments		 145 120 97 87 181 202 66 65 117 55 201
Other Investing Activities, net		 - - - 6.15 10 8.50 2.52 12 23 0.20 1.84
Net Cash From Financing Activities		 -36 6.20 20 -8.42 -47 -56 69 152 25 59 -111
Net Cash From Continuing Financing Activities		 -36 6.20 20 -8.42 -47 -56 69 152 25 59 -111
Net Change in Deposits		 -32 48 25 25 -4.82 87 105 73 17 79 -30
Issuance of Debt		 48 0.00 44 33 49 26 39 50 85 59 0.00
Repayment of Debt		 -37 -28 -37 -55 -76 -155 -52 54 -56 -64 -64
Repurchase of Common Equity		 -4.42 -3.72 - 0.00 -0.19 -0.16 -7.59 -9.35 -6.78 -0.63 -0.22
Payment of Dividends		 -11 -11 -11 -12 -14 -14 -16 -16 -16 -16 -16

Quarterly Cash Flow Statements for Citizens & Northern

This table details how cash moves in and out of Citizens & Northern's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 2.15 4.47 -10 54 85 -58 -11 -15 24 -77 8.74
Net Cash From Operating Activities		 8.46 7.75 5.73 8.63 6.60 12 1.58 8.51 11 11 8.65
Net Cash From Continuing Operating Activities		 8.46 7.75 5.73 8.63 6.60 12 1.58 8.51 11 11 8.65
Net Income / (Loss) Continuing Operations		 7.59 4.26 5.31 6.11 6.37 8.17 6.29 6.12 6.55 4.47 0.27
Consolidated Net Income / (Loss)		 7.59 4.26 5.31 6.11 6.37 8.17 6.29 6.12 6.55 4.47 0.27
Provision For Loan Losses		 -1.23 0.95 0.95 0.57 1.21 -0.53 0.24 2.35 2.16 1.32 14
Depreciation Expense		 0.53 0.52 0.51 0.55 0.58 0.55 0.55 0.56 0.56 0.69 0.69
Amortization Expense		 0.48 0.42 0.43 0.43 0.41 0.38 0.34 0.35 0.28 0.30 0.38
Non-Cash Adjustments to Reconcile Net Income		 -0.39 2.25 0.09 -1.64 -3.04 0.67 1.68 -3.35 1.34 3.26 -2.85
Changes in Operating Assets and Liabilities, net		 1.47 -0.65 -1.56 2.63 1.08 2.83 -7.52 2.48 0.43 0.55 -3.44
Net Cash From Investing Activities		 -19 -13 -19 -18 22 -5.92 -4.17 -17 -29 50 -34
Net Cash From Continuing Investing Activities		 -19 -13 -19 -18 22 -5.92 -4.17 -17 -29 50 -34
Purchase of Property, Leasehold Improvements and Equipment		 -0.83 -0.88 -0.74 -0.66 -0.15 -0.35 -0.54 -0.49 -0.43 -0.45 -0.19
Purchase of Investment Securities		 -15 -86 -28 -32 -4.40 -17 -11 -31 -45 -115 -54
Sale and/or Maturity of Investments		 11 51 7.48 11 26 11 7.35 14 15 165 16
Other Investing Activities, net		 -13 23 2.70 2.54 0.75 1.02 0.34 0.60 0.65 0.24 3.85
Net Cash From Financing Activities		 13 9.57 2.46 64 56 -64 -8.85 -6.84 42 -137 34
Net Cash From Continuing Financing Activities		 13 9.57 2.46 64 56 -64 -8.85 -6.84 42 -137 34
Net Change in Deposits		 15 -10 -19 63 77 -42 8.23 7.64 56 -102 35
Issuance of Debt		 10 -31 17 28 - - 0.00 - - - 27
Repayment of Debt		 -8.20 54 8.93 -23 -16 -18 -13 -11 -10 -31 -24
Repurchase of Common Equity		 -0.22 -0.07 -0.21 -0.38 -0.06 0.03 -0.21 - - -0.01 -0.18
Payment of Dividends		 -3.85 -3.87 -3.88 -3.88 -3.88 -3.89 -3.93 -3.91 -3.91 -4.55 -4.60

Annual Balance Sheets for Citizens & Northern

This table presents Citizens & Northern's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,223 1,242 1,277 1,291 1,654 2,239 2,328 2,454 2,516 2,611 3,132
Cash and Due from Banks		 15 18 26 21 18 25 17 26 25 21 22
Interest Bearing Deposits at Other Banks		 21 15 15 17 18 77 88 29 32 105 24
Trading Account Securities		 421 395 357 363 347 349 518 498 416 402 507
Loans and Leases, Net of Allowance		 697 743 807 818 1,172 1,633 1,551 1,723 1,829 1,876 2,323
Loans and Leases		 705 752 816 828 1,182 1,644 1,565 1,740 1,848 1,896 2,354
Allowance for Loan and Lease Losses		 7.89 8.47 8.86 9.31 9.84 11 14 17 19 20 31
Accrued Investment Income		 3.77 3.96 4.05 3.97 5.00 8.29 7.24 8.65 9.14 8.74 12
Premises and Equipment, Net		 15 15 15 15 17 22 21 22 22 21 28
Goodwill		 - - - 12 28 53 53 53 53 53 63
Intangible Assets		 12 12 12 0.01 1.25 3.85 3.32 2.88 2.47 2.08 12
Other Assets		 39 40 42 41 47 69 1,621 92 128 122 142
Total Liabilities & Shareholders' Equity		 1,223 1,242 1,277 1,291 1,654 2,239 2,328 2,454 2,516 2,611 3,132
Total Liabilities		 1,036 1,056 1,089 1,094 1,410 1,939 2,026 2,205 2,253 2,335 2,791
Non-Interest Bearing Deposits		 211 224 241 273 286 465 521 564 491 487 531
Interest Bearing Deposits		 725 760 767 761 967 1,355 1,404 1,434 1,524 1,607 2,033
Short-Term Debt		 53 26 62 13 86 20 1.80 80 34 2.49 29
Long-Term Debt		 39 38 9.19 36 59 71 76 102 178 205 161
Other Long-Term Liabilities		 8.05 7.81 9.11 11 12 28 24 26 27 34 37
Commitments & Contingencies		 - - - - - - - - - - 0.00
Total Equity & Noncontrolling Interests		 187 186 188 197 244 300 301 249 262 275 342
Total Preferred & Common Equity		 187 186 188 197 244 300 301 249 262 275 342
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 187 186 188 197 244 300 301 249 262 275 342
Common Stock		 84 84 85 85 118 160 160 160 160 160 204
Retained Earnings		 109 113 114 123 126 130 143 152 157 166 171
Treasury Stock		 -8.80 -10 -8.35 -6.36 -4.17 -1.37 -6.72 -13 -17 -13 -11
Accumulated Other Comprehensive Income / (Loss)		 2.53 -0.90 -1.51 -4.17 3.69 12 5.03 -50 -38 -37 -23

Quarterly Balance Sheets for Citizens & Northern

This table presents Citizens & Northern's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 2,400 2,430 2,471 2,484 2,522 2,593 2,671 2,609 2,611 2,664 3,164
Cash and Due from Banks		 31 23 25 26 18 27 26 36 26 27 31
Interest Bearing Deposits at Other Banks		 33 29 27 27 28 74 159 79 73 96 24
Trading Account Securities		 488 473 446 429 405 401 408 408 406 415 497
Loans and Leases, Net of Allowance		 1,674 1,727 1,795 1,813 1,852 1,873 1,872 1,878 1,898 1,922 2,351
Loans and Leases		 1,690 1,745 1,815 1,831 1,872 1,893 1,893 1,898 1,919 1,945 2,385
Allowance for Loan and Lease Losses		 16 18 19 18 20 20 20 20 22 23 34
Accrued Investment Income		 8.43 8.81 8.44 9.31 9.47 9.17 9.42 9.28 8.72 9.66 12
Premises and Equipment, Net		 22 21 21 21 22 22 22 21 21 21 27
Goodwill		 53 53 53 53 53 53 53 53 53 53 63
Intangible Assets		 2.99 2.78 2.67 2.57 2.37 2.27 2.18 1.97 1.87 1.76 11
Other Assets		 88 1,819 93 104 131 133 120 123 123 119 148
Total Liabilities & Shareholders' Equity		 2,400 2,430 2,471 2,484 2,522 2,593 2,671 2,609 2,611 2,664 3,164
Total Liabilities		 2,161 2,174 2,223 2,244 2,260 2,330 2,394 2,327 2,325 2,370 2,829
Non-Interest Bearing Deposits		 558 545 510 496 494 502 513 489 507 508 568
Interest Bearing Deposits		 1,482 1,371 1,500 1,529 1,502 1,558 1,623 1,613 1,602 1,657 2,032
Short-Term Debt		 2.46 93 31 23 49 17 11 0.57 0.53 1.49 14
Long-Term Debt		 95 138 155 165 188 225 214 194 184 173 179
Other Long-Term Liabilities		 25 27 26 31 27 28 32 30 30 30 36
Commitments & Contingencies		 - - - - - - - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 239 256 248 240 262 263 277 282 286 294 336
Total Preferred & Common Equity		 239 256 248 240 262 263 277 282 286 294 336
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 239 256 248 240 262 263 277 282 286 294 336
Common Stock		 160 159 160 160 159 159 159 159 159 159 203
Retained Earnings		 148 152 154 157 158 160 162 168 170 172 166
Treasury Stock		 -13 -13 -17 -17 -15 -15 -14 -12 -12 -11 -8.78
Accumulated Other Comprehensive Income / (Loss)		 -56 -43 -48 -60 -41 -41 -30 -33 -31 -26 -25

Annual Metrics And Ratios for Citizens & Northern

This table displays calculated financial ratios and metrics derived from Citizens & Northern's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 12,086,511.00 12,198,621.00 12,298,357.00 13,703,022.00 15,890,353.00 15,751,005.00 - - - 17,801,873.00
DEI Adjusted Shares Outstanding		 0.00 12,086,511.00 12,198,621.00 12,298,357.00 13,703,022.00 15,890,353.00 15,751,005.00 - - - 17,801,873.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 1.30 1.10 1.79 1.42 1.21 1.94 - - - 1.32
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.47% -2.03% 2.25% 13.67% 11.25% 24.78% 12.75% 3.60% -2.55% 3.35% 13.28%
EBITDA Growth		 -3.33% -4.35% -3.20% 24.24% -10.09% 2.45% 57.01% -13.57% -5.26% 3.75% -8.89%
EBIT Growth		 -4.26% -3.21% -2.46% 27.55% -10.87% -0.84% 62.36% -14.16% -5.77% 4.55% -10.13%
NOPAT Growth		 -3.60% -4.30% -14.77% 63.86% -11.40% -1.45% 58.95% -12.88% -9.28% 7.50% -9.75%
Net Income Growth		 -3.60% -4.30% -14.77% 63.86% -11.40% -1.45% 58.95% -12.88% -9.28% 7.50% -9.75%
EPS Growth		 -2.17% -3.70% -15.38% 62.73% -18.44% -10.96% 47.69% -10.94% -8.19% 7.64% 0.00%
Operating Cash Flow Growth		 -11.65% -5.97% 4.67% 33.64% -13.25% 10.34% 40.59% -0.70% -3.04% -1.53% -3.12%
Free Cash Flow Firm Growth		 -86.02% 1,119.43% -89.59% 654.87% -450.56% 114.22% 141.91% -160.02% 26.02% 190.78% -244.68%
Invested Capital Growth		 4.79% -10.41% 3.50% -5.11% 58.16% 0.42% -3.06% 13.76% 9.98% 1.86% 9.99%
Revenue Q/Q Growth		 9.69% -2.46% 1.07% 13.31% -4.32% 8.36% -0.32% 2.16% -2.90% 2.60% 7.77%
EBITDA Q/Q Growth		 12.91% 2.27% -1.51% 31.29% -17.95% 15.15% -1.72% 1.17% -12.48% 12.28% -13.10%
EBIT Q/Q Growth		 16.71% 1.96% -1.21% 35.55% -19.79% 7.69% 1.99% 1.78% -10.64% 15.17% -14.17%
NOPAT Q/Q Growth		 -1.81% 1.06% -14.55% 20.07% -0.84% 7.33% 1.79% 1.80% -12.72% 17.75% -13.67%
Net Income Q/Q Growth		 -1.81% 1.06% -14.55% -0.91% 23.54% 7.33% 1.79% 1.80% -12.72% 17.75% -13.67%
EPS Q/Q Growth		 -2.88% 1.56% -14.73% 20.13% -4.58% 3.17% 1.59% 2.40% -12.29% 17.36% 0.00%
Operating Cash Flow Q/Q Growth		 -6.57% 1.33% -1.67% 13.56% -5.27% 19.24% -1.34% -4.55% -0.92% 15.08% -4.47%
Free Cash Flow Firm Q/Q Growth		 -81.92% 28.03% -84.13% 108.14% -57.81% 116.10% -57.01% -132.84% 70.73% 132.50% -140.04%
Invested Capital Q/Q Growth		 6.29% 2.83% 12.78% 6.37% 18.18% -14.37% -2.24% 28.29% 10.72% -3.99% 13.45%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 43.36% 42.33% 40.07% 43.80% 35.40% 29.07% 40.47% 33.77% 32.83% 32.96% 26.32%
EBIT Margin		 37.43% 36.99% 35.28% 39.59% 31.72% 25.21% 36.30% 30.08% 29.08% 29.42% 23.34%
Profit (Net Income) Margin		 28.27% 27.62% 23.02% 33.19% 26.43% 20.88% 29.43% 24.75% 23.04% 23.96% 19.09%
Tax Burden Percent		 75.53% 74.67% 65.25% 83.82% 83.32% 82.81% 81.07% 82.28% 79.22% 81.45% 81.79%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.47% 25.33% 34.75% 16.18% 16.68% 17.19% 18.93% 17.72% 20.78% 18.55% 18.21%
Return on Invested Capital (ROIC)		 6.03% 5.94% 5.27% 8.71% 6.14% 4.93% 7.94% 6.57% 5.34% 5.42% 4.62%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.03% 5.94% 5.27% 8.71% 6.14% 4.93% 7.94% 6.57% 5.34% 5.42% 4.62%
Return on Net Nonoperating Assets (RNNOA)		 2.74% 2.50% 1.91% 2.70% 2.69% 2.14% 2.23% 3.09% 4.10% 4.23% 2.97%
Return on Equity (ROE)		 8.76% 8.44% 7.18% 11.41% 8.83% 7.06% 10.17% 9.67% 9.44% 9.66% 7.59%
Cash Return on Invested Capital (CROIC)		 1.35% 16.92% 1.83% 13.96% -38.92% 4.51% 11.05% -6.30% -4.17% 3.58% -4.89%
Operating Return on Assets (OROA)		 1.77% 1.71% 1.63% 2.05% 1.59% 1.19% 1.65% 1.35% 1.23% 1.24% 1.00%
Return on Assets (ROA)		 1.34% 1.28% 1.07% 1.71% 1.32% 0.99% 1.34% 1.11% 0.97% 1.01% 0.82%
Return on Common Equity (ROCE)		 8.76% 8.44% 7.18% 11.41% 8.83% 7.06% 10.17% 9.67% 9.44% 9.66% 7.59%
Return on Equity Simple (ROE_SIMPLE)		 8.79% 8.47% 7.13% 11.15% 7.98% 6.41% 10.14% 10.68% 9.20% 9.43% 6.86%
Net Operating Profit after Tax (NOPAT)		 16 16 13 22 20 19 31 27 24 26 23
NOPAT Margin		 28.27% 27.62% 23.02% 33.19% 26.43% 20.88% 29.43% 24.75% 23.04% 23.96% 19.09%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 40.40% 42.40% 46.61% 43.56% 45.81% 46.52% 46.71% 50.36% 54.51% 53.70% 50.52%
Operating Expenses to Revenue		 61.11% 60.88% 63.35% 59.53% 67.13% 70.54% 60.17% 63.18% 70.74% 68.55% 71.71%
Earnings before Interest and Taxes (EBIT)		 22 21 21 26 23 23 38 32 30 32 29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 25 24 23 29 26 27 42 36 34 36 32
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 1.20 1.15 1.27 1.28 0.90 1.22 1.25 1.22 1.03 1.02
Price to Tangible Book Value (P/TBV)		 0.00 1.29 1.22 1.35 1.45 1.10 1.49 1.61 1.54 1.28 1.31
Price to Revenue (P/Rev)		 0.00 3.92 3.70 3.77 4.23 2.92 3.54 2.91 3.05 2.61 2.85
Price to Earnings (P/E)		 0.00 14.20 16.08 11.37 15.99 13.96 12.02 11.74 13.23 10.90 14.95
Dividend Yield		 7.37% 5.62% 5.87% 5.31% 4.75% 6.39% 4.76% 5.55% 5.36% 6.10% 5.69%
Earnings Yield		 0.00% 7.04% 6.22% 8.80% 6.25% 7.16% 8.32% 8.51% 7.56% 9.17% 6.69%
Enterprise Value to Invested Capital (EV/IC)		 0.00 1.02 0.95 1.06 1.08 0.66 0.90 1.02 1.00 0.75 0.93
Enterprise Value to Revenue (EV/Rev)		 0.00 4.49 4.23 3.94 5.71 2.80 3.27 4.08 4.52 3.36 4.02
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 10.61 10.55 9.00 16.14 9.63 8.09 12.10 13.78 10.21 15.29
Enterprise Value to EBIT (EV/EBIT)		 0.00 12.14 11.98 9.96 18.01 11.10 9.01 13.58 15.56 11.43 17.23
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 16.26 18.36 11.88 21.61 13.41 11.12 16.51 19.64 14.04 21.07
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 13.85 12.73 10.10 18.77 10.40 9.75 12.70 14.14 11.03 15.43
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 5.71 52.79 7.41 0.00 14.66 7.99 0.00 0.00 21.26 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.49 0.35 0.38 0.25 0.59 0.30 0.26 0.73 0.81 0.75 0.55
Long-Term Debt to Equity		 0.21 0.21 0.05 0.18 0.24 0.24 0.25 0.41 0.68 0.75 0.47
Financial Leverage		 0.45 0.42 0.36 0.31 0.44 0.43 0.28 0.47 0.77 0.78 0.64
Leverage Ratio		 6.56 6.60 6.73 6.66 6.67 7.15 7.60 8.68 9.71 9.53 9.31
Compound Leverage Factor		 6.56 6.60 6.73 6.66 6.67 7.15 7.60 8.68 9.71 9.53 9.31
Debt to Total Capital		 32.98% 25.79% 27.35% 19.81% 37.21% 23.32% 20.47% 42.17% 44.66% 43.00% 35.67%
Short-Term Debt to Total Capital		 19.12% 10.44% 23.81% 5.22% 22.15% 5.12% 0.48% 18.57% 7.14% 0.52% 5.39%
Long-Term Debt to Total Capital		 13.86% 15.34% 3.54% 14.59% 15.06% 18.20% 19.99% 23.59% 37.52% 42.48% 30.28%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 67.02% 74.21% 72.65% 80.19% 62.79% 76.68% 79.53% 57.83% 55.34% 57.00% 64.33%
Debt to EBITDA		 3.65 2.68 3.03 1.68 5.54 3.41 1.85 5.01 6.15 5.82 5.87
Net Debt to EBITDA		 2.23 1.35 1.31 0.39 4.20 -0.40 -0.65 3.49 4.50 2.28 4.44
Long-Term Debt to EBITDA		 1.53 1.59 0.39 1.24 2.24 2.66 1.80 2.80 5.17 5.75 4.98
Debt to NOPAT		 5.60 4.10 5.28 2.22 7.43 4.74 2.54 6.83 8.77 8.00 8.09
Net Debt to NOPAT		 3.41 2.06 2.29 0.51 5.62 -0.56 -0.90 4.76 6.41 3.14 6.12
Long-Term Debt to NOPAT		 2.35 2.44 0.68 1.63 3.01 3.70 2.48 3.82 7.37 7.90 6.87
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 3.68 45 4.67 35 -124 18 43 -26 -19 17 -25
Operating Cash Flow to CapEx		 1,894.71% 1,171.52% 1,141.66% 2,218.68% 782.61% 790.05% 2,816.81% 1,052.28% 1,481.15% 1,733.21% 1,679.95%
Free Cash Flow to Firm to Interest Expense		 0.80 12.15 1.19 7.63 -12.03 1.83 6.48 -2.68 -0.57 0.35 -0.52
Operating Cash Flow to Interest Expense		 4.28 5.01 4.95 5.60 2.18 2.58 5.31 3.63 1.01 0.67 0.68
Operating Cash Flow Less CapEx to Interest Expense		 4.05 4.58 4.52 5.35 1.91 2.26 5.12 3.29 0.95 0.64 0.64
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.04 0.04 0.04
Fixed Asset Turnover		 3.68 3.71 3.79 4.42 4.65 4.76 4.92 5.09 4.85 5.04 5.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 280 251 259 246 389 391 379 431 474 483 531
Invested Capital Turnover		 0.21 0.22 0.23 0.26 0.23 0.24 0.27 0.27 0.23 0.23 0.24
Increase / (Decrease) in Invested Capital		 13 -29 8.76 -13 143 1.64 -12 52 43 8.81 48
Enterprise Value (EV)		 0.00 256 247 261 422 258 340 439 474 364 494
Market Capitalization		 0.00 224 216 250 312 268 367 313 319 283 350
Book Value per Share		 $15.35 $15.39 $15.45 $16.05 $17.84 $18.86 $19.14 $16.09 $17.18 $17.86 $19.20
Tangible Book Value per Share		 $14.37 $14.40 $14.47 $15.08 $15.68 $15.32 $15.59 $12.51 $13.58 $14.32 $14.99
Total Capital		 280 251 259 246 389 391 379 431 474 483 531
Total Debt		 92 65 71 49 145 91 78 182 212 208 189
Total Long-Term Debt		 39 38 9.19 36 59 71 76 102 178 205 161
Net Debt		 56 33 31 11 110 -11 -27 127 155 81 143
Capital Expenditures (CapEx)		 1.04 1.58 1.70 1.17 2.87 3.14 1.24 3.29 2.27 1.91 1.91
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 92 65 71 49 145 91 78 182 212 208 189
Total Depreciation and Amortization (D&A)		 3.45 3.05 2.80 2.79 2.72 3.55 4.33 3.97 3.93 3.83 3.65
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.35 $1.30 $1.10 $1.79 $1.46 $1.30 $1.92 $1.71 $1.57 $1.69 $1.46
Adjusted Weighted Average Basic Shares Outstanding		 12.15M 12.14M 12.25M 12.39M 13.76M 16.00M 15.83M 15.56M 15.38M 15.47M 17.91M
Adjusted Diluted Earnings per Share		 $1.35 $1.30 $1.10 $1.79 $1.46 $1.30 $1.92 $1.71 $1.57 $1.69 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 12.15M 12.14M 12.25M 12.39M 13.76M 16.00M 15.83M 15.56M 15.38M 15.47M 17.91M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $1.46 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.15M 12.14M 12.25M 12.39M 13.76M 16.00M 15.83M 15.56M 15.38M 15.47M 17.91M
Normalized Net Operating Profit after Tax (NOPAT)		 18 16 13 22 23 26 31 27 24 26 30
Normalized NOPAT Margin		 31.61% 27.62% 23.02% 33.60% 31.06% 27.81% 29.43% 24.75% 23.04% 23.96% 24.38%
Pre Tax Income Margin		 37.43% 36.99% 35.28% 39.59% 31.72% 25.21% 36.30% 30.08% 29.08% 29.42% 23.34%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.74 5.72 5.26 5.68 2.28 2.42 5.74 3.40 0.92 0.65 0.60
NOPAT to Interest Expense		 3.58 4.27 3.43 4.76 1.90 2.00 4.66 2.80 0.73 0.53 0.49
EBIT Less CapEx to Interest Expense		 4.51 5.29 4.83 5.43 2.00 2.09 5.55 3.05 0.85 0.61 0.56
NOPAT Less CapEx to Interest Expense		 3.35 3.84 3.00 4.51 1.62 1.68 4.47 2.45 0.66 0.49 0.45
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 68.27% 70.50% 82.96% 53.36% 71.99% 75.27% 52.29% 59.60% 64.47% 59.83% 69.55%
Augmented Payout Ratio		 95.08% 94.12% 82.96% 53.36% 72.96% 76.12% 77.12% 94.73% 92.57% 62.25% 70.48%

Quarterly Metrics And Ratios for Citizens & Northern

This table displays calculated financial ratios and metrics derived from Citizens & Northern's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - 15,466,068.00 15,494,591.00 15,514,943.00 17,801,873.00 17,910,243.00
DEI Adjusted Shares Outstanding		 - - - - - - 15,466,068.00 15,494,591.00 15,514,943.00 17,801,873.00 17,910,243.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.41 0.39 0.42 0.25 0.02
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.50% -11.02% -2.58% 1.12% 4.35% 10.87% 4.93% 7.27% 8.35% 31.59% 35.82%
EBITDA Growth		 58.97% -35.22% -15.53% 1.27% -15.76% 61.14% 16.11% 1.44% 1.45% -41.98% -83.67%
EBIT Growth		 77.62% -38.00% -15.71% 0.23% -17.21% 70.91% 19.29% 0.71% 2.59% -46.72% -95.65%
NOPAT Growth		 70.39% -45.22% -15.14% 1.16% -16.15% 91.83% 18.60% 0.07% 2.92% -45.36% -95.66%
Net Income Growth		 70.39% -45.22% -15.14% 1.16% -16.15% 91.83% 18.60% 0.07% 2.92% -45.36% -95.66%
EPS Growth		 72.41% -44.00% -12.50% 2.56% -18.00% 89.29% 17.14% 0.00% 2.44% 0.00% -95.12%
Operating Cash Flow Growth		 -32.47% -3.86% -40.00% 10.76% -21.99% 55.87% -72.37% -1.39% 71.69% -12.39% 446.68%
Free Cash Flow Firm Growth		 -250.96% 12.61% 95.13% -1,762.97% 19.12% 98.35% 538.71% 162.91% 160.46% -6,749.30% -280.92%
Invested Capital Growth		 27.44% 9.98% 2.43% 16.38% 17.47% 1.86% -4.47% -6.88% -6.92% 9.99% 10.91%
Revenue Q/Q Growth		 -3.13% -3.36% 1.76% 6.16% -0.04% 2.68% -3.70% 8.53% 0.97% 24.70% -0.60%
EBITDA Q/Q Growth		 25.14% -34.35% 6.55% 14.20% 4.09% 25.57% -21.83% -2.01% 4.88% -27.98% -78.00%
EBIT Q/Q Growth		 26.47% -37.25% 9.05% 15.81% 4.47% 29.54% -23.88% -2.23% 6.41% -32.73% -93.79%
NOPAT Q/Q Growth		 25.62% -43.87% 24.52% 15.21% 4.12% 28.42% -23.01% -2.80% 7.10% -31.83% -93.89%
Net Income Q/Q Growth		 25.62% -43.87% 24.52% 15.21% 4.12% 28.42% -23.01% -2.80% 7.10% -31.83% -93.89%
EPS Q/Q Growth		 28.21% -44.00% 25.00% 14.29% 2.50% 29.27% 0.00% -2.44% 5.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 8.52% -8.41% -26.05% 50.69% -23.57% 83.01% -86.89% 437.78% 33.07% -6.61% -18.20%
Free Cash Flow Firm Q/Q Growth		 -2,324.99% 54.17% 83.19% -897.22% -5.28% 99.07% 4,574.96% 43.00% 1.17% -205.79% -18.21%
Invested Capital Q/Q Growth		 -1.39% 10.72% 5.22% 1.30% -0.47% -3.99% -1.32% -1.26% -0.51% 13.45% -0.49%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 39.94% 27.13% 28.78% 30.96% 32.24% 39.43% 31.85% 28.83% 29.95% 17.30% 3.83%
EBIT Margin		 36.09% 23.43% 25.11% 27.40% 28.63% 36.12% 28.55% 25.72% 27.11% 14.62% 0.91%
Profit (Net Income) Margin		 29.03% 16.86% 20.63% 22.39% 23.32% 29.17% 23.32% 20.89% 22.16% 12.11% 0.74%
Tax Burden Percent		 80.44% 71.95% 82.16% 81.74% 81.47% 80.76% 81.68% 81.21% 81.73% 82.83% 81.49%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 19.56% 28.05% 17.84% 18.26% 18.53% 19.24% 18.32% 18.79% 18.27% 17.17% 18.51%
Return on Invested Capital (ROIC)		 8.20% 3.90% 4.36% 4.98% 5.29% 6.60% 5.24% 4.78% 5.19% 2.93% 0.20%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.20% 3.90% 4.36% 4.98% 5.29% 6.60% 5.24% 4.78% 5.19% 2.93% 0.20%
Return on Net Nonoperating Assets (RNNOA)		 4.88% 3.00% 3.95% 4.17% 4.23% 5.15% 4.17% 3.71% 3.64% 1.89% 0.12%
Return on Equity (ROE)		 13.08% 6.91% 8.31% 9.15% 9.52% 11.75% 9.41% 8.48% 8.83% 4.82% 0.32%
Cash Return on Invested Capital (CROIC)		 -16.89% -4.17% 2.31% -10.18% -11.33% 3.58% 10.10% 12.65% 12.76% -4.89% -6.88%
Operating Return on Assets (OROA)		 1.60% 0.99% 1.06% 1.13% 1.17% 1.53% 1.22% 1.10% 1.16% 0.62% 0.04%
Return on Assets (ROA)		 1.28% 0.71% 0.87% 0.92% 0.96% 1.23% 1.00% 0.90% 0.95% 0.52% 0.03%
Return on Common Equity (ROCE)		 13.08% 6.91% 8.31% 9.15% 9.52% 11.75% 9.41% 8.48% 8.83% 4.82% 0.32%
Return on Equity Simple (ROE_SIMPLE)		 11.52% 0.00% 8.87% 8.84% 7.95% 0.00% 9.56% 9.41% 9.23% 0.00% 5.19%
Net Operating Profit after Tax (NOPAT)		 7.59 4.26 5.31 6.11 6.37 8.17 6.29 6.12 6.55 4.47 0.27
NOPAT Margin		 29.03% 16.86% 20.63% 22.39% 23.32% 29.17% 23.32% 20.89% 22.16% 12.11% 0.74%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 53.41% 56.98% 58.35% 52.60% 51.79% 52.37% 56.66% 49.35% 49.27% 47.95% 47.86%
Operating Expenses to Revenue		 68.60% 72.80% 71.18% 70.53% 66.95% 65.77% 70.57% 66.24% 65.58% 81.80% 61.97%
Earnings before Interest and Taxes (EBIT)		 9.44 5.92 6.46 7.48 7.81 10 7.70 7.53 8.02 5.39 0.34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 10 6.86 7.40 8.45 8.80 11 8.59 8.44 8.86 6.38 1.40
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.04 1.22 1.09 1.03 1.08 1.03 1.03 1.01 1.03 1.02 1.18
Price to Tangible Book Value (P/TBV)		 1.35 1.54 1.37 1.30 1.34 1.28 1.28 1.25 1.26 1.31 1.51
Price to Revenue (P/Rev)		 2.31 3.05 2.73 2.60 2.83 2.61 2.65 2.59 2.66 2.85 2.99
Price to Earnings (P/E)		 9.00 13.23 12.25 11.67 13.55 10.90 10.77 10.72 11.16 14.95 22.70
Dividend Yield		 6.86% 5.36% 6.06% 6.34% 5.77% 6.10% 5.97% 6.00% 5.74% 5.69% 5.08%
Earnings Yield		 11.11% 7.56% 8.16% 8.57% 7.38% 9.17% 9.28% 9.32% 8.96% 6.69% 4.41%
Enterprise Value to Invested Capital (EV/IC)		 0.90 1.00 0.95 0.82 0.68 0.75 0.78 0.79 0.76 0.93 1.01
Enterprise Value to Revenue (EV/Rev)		 3.56 4.52 4.56 3.96 3.22 3.36 3.38 3.35 3.11 4.02 4.03
Enterprise Value to EBITDA (EV/EBITDA)		 9.78 13.78 14.25 12.36 10.70 10.21 10.11 10.09 9.53 15.29 21.25
Enterprise Value to EBIT (EV/EBIT)		 11.27 15.56 16.23 14.11 12.29 11.43 11.18 11.26 10.61 17.23 25.07
Enterprise Value to NOPAT (EV/NOPAT)		 13.90 19.64 20.48 17.76 15.43 14.04 13.74 13.86 13.05 21.07 30.64
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.35 14.14 15.98 13.52 11.85 11.03 12.82 12.99 10.57 15.43 13.65
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 41.76 0.00 0.00 21.26 7.52 6.05 5.72 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.78 0.81 0.91 0.92 0.81 0.75 0.69 0.64 0.59 0.55 0.58
Long-Term Debt to Equity		 0.69 0.68 0.72 0.86 0.77 0.75 0.69 0.64 0.59 0.47 0.53
Financial Leverage		 0.60 0.77 0.91 0.84 0.80 0.78 0.79 0.78 0.70 0.64 0.63
Leverage Ratio		 10.20 9.71 9.57 9.90 9.96 9.53 9.44 9.47 9.34 9.31 9.35
Compound Leverage Factor		 10.20 9.71 9.57 9.90 9.96 9.53 9.44 9.47 9.34 9.31 9.35
Debt to Total Capital		 43.91% 44.66% 47.55% 47.92% 44.87% 43.00% 40.87% 39.15% 37.22% 35.67% 36.52%
Short-Term Debt to Total Capital		 5.43% 7.14% 9.79% 3.34% 2.27% 0.52% 0.12% 0.11% 0.32% 5.39% 2.57%
Long-Term Debt to Total Capital		 38.48% 37.52% 37.77% 44.58% 42.60% 42.48% 40.75% 39.04% 36.90% 30.28% 33.95%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 56.09% 55.34% 52.45% 52.08% 55.13% 57.00% 59.13% 60.85% 62.78% 64.33% 63.48%
Debt to EBITDA		 4.78 6.15 7.12 7.24 7.10 5.82 5.32 4.98 4.69 5.87 7.69
Net Debt to EBITDA		 3.44 4.50 5.72 4.24 1.31 2.28 2.18 2.29 1.38 4.44 5.51
Long-Term Debt to EBITDA		 4.19 5.17 5.65 6.74 6.74 5.75 5.30 4.96 4.65 4.98 7.15
Debt to NOPAT		 6.80 8.77 10.23 10.41 10.24 8.00 7.23 6.84 6.42 8.09 11.09
Net Debt to NOPAT		 4.89 6.41 8.22 6.09 1.88 3.14 2.97 3.14 1.89 6.12 7.94
Long-Term Debt to NOPAT		 5.96 7.37 8.12 9.68 9.72 7.90 7.21 6.82 6.37 6.87 10.31
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -85 -39 -6.52 -65 -68 -0.64 29 41 41 -44 -52
Operating Cash Flow to CapEx		 1,019.04% 876.36% 770.03% 1,308.03% 4,398.67% 3,430.40% 292.07% 1,755.26% 2,659.15% 2,340.49% 4,603.19%
Free Cash Flow to Firm to Interest Expense		 -8.95 -3.64 -0.58 -5.47 -5.29 -0.05 2.44 3.61 3.63 -3.38 -4.26
Operating Cash Flow to Interest Expense		 0.89 0.73 0.51 0.73 0.51 0.94 0.13 0.75 0.99 0.82 0.71
Operating Cash Flow Less CapEx to Interest Expense		 0.81 0.64 0.44 0.67 0.50 0.91 0.09 0.71 0.96 0.78 0.70
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05
Fixed Asset Turnover		 5.00 4.85 4.83 4.86 4.93 5.04 5.08 5.17 5.35 5.00 5.45
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 428 474 499 505 503 483 477 471 468 531 529
Invested Capital Turnover		 0.28 0.23 0.21 0.22 0.23 0.23 0.22 0.23 0.23 0.24 0.26
Increase / (Decrease) in Invested Capital		 92 43 12 71 75 8.81 -22 -35 -35 48 52
Enterprise Value (EV)		 384 474 475 413 340 364 370 374 354 494 533
Market Capitalization		 249 319 284 272 299 283 290 289 303 350 395
Book Value per Share		 $15.74 $17.18 $17.01 $17.12 $18.02 $17.86 $18.22 $18.48 $18.95 $19.20 $18.74
Tangible Book Value per Share		 $12.13 $13.58 $13.45 $13.56 $14.46 $14.32 $14.70 $14.97 $15.45 $14.99 $14.60
Total Capital		 428 474 499 505 503 483 477 471 468 531 529
Total Debt		 188 212 237 242 226 208 195 184 174 189 193
Total Long-Term Debt		 165 178 188 225 214 205 194 184 173 161 179
Net Debt		 135 155 191 142 42 81 80 85 51 143 138
Capital Expenditures (CapEx)		 0.83 0.88 0.74 0.66 0.15 0.35 0.54 0.49 0.43 0.45 0.19
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 188 212 237 242 226 208 195 184 174 189 193
Total Depreciation and Amortization (D&A)		 1.01 0.93 0.94 0.97 0.99 0.93 0.89 0.91 0.84 0.99 1.07
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.50 $0.28 $0.35 $0.40 $0.41 $0.53 $0.41 $0.40 $0.42 $0.23 $0.02
Adjusted Weighted Average Basic Shares Outstanding		 15.27M 15.38M 15.38M 15.39M 15.41M 15.47M 15.49M 15.51M 17.80M 17.91M 17.92M
Adjusted Diluted Earnings per Share		 $0.50 $0.28 $0.35 $0.40 $0.41 $0.53 $0.41 $0.40 $0.42 $0.00 $0.02
Adjusted Weighted Average Diluted Shares Outstanding		 15.27M 15.38M 15.38M 15.39M 15.41M 15.47M 15.49M 15.51M 17.80M 17.91M 17.92M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 15.27M 15.38M 15.38M 15.39M 15.41M 15.47M 15.49M 15.51M 17.80M 17.91M 17.92M
Normalized Net Operating Profit after Tax (NOPAT)		 7.59 4.26 5.31 6.11 6.37 8.17 6.29 6.25 7.27 4.47 0.27
Normalized NOPAT Margin		 29.03% 16.86% 20.63% 22.39% 23.32% 29.17% 23.32% 21.35% 24.59% 12.11% 0.74%
Pre Tax Income Margin		 36.09% 23.43% 25.11% 27.40% 28.63% 36.12% 28.55% 25.72% 27.11% 14.62% 0.91%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.00 0.56 0.57 0.63 0.60 0.79 0.66 0.67 0.70 0.42 0.03
NOPAT to Interest Expense		 0.80 0.40 0.47 0.51 0.49 0.64 0.54 0.54 0.58 0.35 0.02
EBIT Less CapEx to Interest Expense		 0.91 0.47 0.51 0.57 0.59 0.76 0.61 0.62 0.67 0.38 0.01
NOPAT Less CapEx to Interest Expense		 0.72 0.32 0.40 0.46 0.48 0.61 0.49 0.50 0.54 0.31 0.01
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 56.56% 64.47% 66.78% 66.49% 70.32% 59.83% 57.84% 57.94% 57.64% 69.55% 97.41%
Augmented Payout Ratio		 80.84% 92.57% 88.90% 70.27% 73.59% 62.25% 60.16% 58.83% 58.31% 70.48% 98.51%

Financials Breakdown Chart

Key Financial Trends

Citizens & Northern (NASDAQ: CZNC) showed a much weaker first quarter in 2026 compared with both the prior quarter and the same period a year ago. Revenue held up reasonably well, but earnings were pressured by a very large jump in credit loss provision and a sharp increase in non-interest expense. The balance sheet also shows continued growth in loans and deposits, but with noticeably more leverage and lower common equity than a year ago.

  • Q1 2026 operating cash flow remained solid at $8.7 million, up from $1.6 million in Q1 2025 and $5.7 million in Q1 2024.
  • Deposit growth was healthy in Q1 2026, with net change in deposits of $35.4 million, supporting funding for the balance sheet.
  • Net interest income improved to $28.5 million in Q1 2026, versus $22.3 million in Q3 2025 and $20.0 million in Q1 2025.
  • Loan balances continued to expand, with loans and leases rising to $2.38 billion from $1.90 billion a year earlier.
  • The allowance for loan and lease losses increased to $33.8 million, up from $20.2 million in Q1 2025, suggesting the bank is building reserves.
  • Total revenue in Q1 2026 was $36.6 million, roughly in line with the strong levels seen in recent quarters for this bank.
  • Quarterly EPS was only $0.02 in Q1 2026, but that reflects the unusually heavy provision and cost pressure in the period rather than a collapse in revenue.
  • The company continued paying its dividend, with cash dividends per share at $0.28.
  • Goodwill and intangible assets remained material on the balance sheet, reflecting prior acquisition activity.
  • Net income dropped sharply to just $273,000 in Q1 2026 from $6.6 million in Q3 2025 and $6.3 million in Q1 2025.
  • The provision for credit losses jumped to $13.6 million in Q1 2026, far above $236,000 in Q1 2025 and $2.2 million in Q3 2025.
  • Non-interest expense rose to $22.7 million, up from $19.0 million in Q1 2025 and $18.3 million in Q1 2024.
  • Pre-tax income was nearly flat at only $335,000, showing the business had very little margin for error after credit costs.
  • Total common equity fell to $335.6 million from $281.8 million in Q1 2025, while total assets rose to $3.16 billion, increasing the bank’s asset base faster than equity.
  • The balance sheet shows a higher level of debt, including $179.5 million of long-term debt and $13.6 million of short-term debt in Q1 2026.

Bottom line: CZNC still looks like a profitable community bank with decent cash generation and stable lending growth, but Q1 2026 was a clear step down in earnings quality. The main issue was credit cost pressure, and investors will likely want to see whether the spike in provision is temporary or the start of a more cautious credit cycle.

07/07/26 06:43 AM ETAI Generated. May Contain Errors.

Citizens & Northern Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Citizens & Northern's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Citizens & Northern's net income appears to be on an upward trend, with a most recent value of $23.43 million in 2025, rising from $16.47 million in 2015. The previous period was $25.96 million in 2024. Check out Citizens & Northern's forecast to explore projected trends and price targets.

Over the last 10 years, Citizens & Northern's total revenue changed from $58.26 million in 2015 to $122.71 million in 2025, a change of 110.6%.

Citizens & Northern's total liabilities were at $2.79 billion at the end of 2025, a 19.5% increase from 2024, and a 169.4% increase since 2015.

In the past 10 years, Citizens & Northern's cash and equivalents has ranged from $14.71 million in 2015 to $25.81 million in 2022, and is currently $22.29 million as of their latest financial filing in 2025.

Over the last 10 years, Citizens & Northern's book value per share changed from 15.35 in 2015 to 19.20 in 2025, a change of 25.0%.


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Financial statements for NASDAQ:CZNC last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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